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PETALING JAYA (Nov 30): The Chinese embassy is acquiring two pieces of land in Jalan Ampang, Kuala Lumpur, and has lodged a caveat to register its interest in the site, The Edge reported today.
The lots measuring a combined 2.33 acres are located next to the Chinese embassy and are currently registered to Yip Fung Sdn Bhd, a wholly-owned subsidiary of Nan Fung Textiles Ltd, which has been trying to dispose of the land as well as several other parcels since 2016.
A source told The Edge that the Chinese embassy is buying the lots, which measure 101,436 sq ft in total, for about RM2,000 psf or RM202 million from Hong Kong-based Nan Fung Group, which is said to have bought the land in the mid to late-1980s when the price in the area was about RM50 psf.
The Edge's source said it is possible that the Chinese embassy purchased the land to centralise its offices that are scattered around Kuala Lumpur.The embassy did not respond to questions from The Edge.
The Chinese Visa Application Service Centre is currently located in Hampshire Place Office in Jalan Mayang Sari. The embassy also has an office at Plaza OSK while its Office of Military, Naval and Air Attache is in Jalan U Thant.
A land title search at the Federal Territories Department of Lands and Mines office shows that the Embassy of The People’s Republic of China in Malaysia lodged a caveat in January on the parcels — Lots 146 and 147 — to protect its interests and prevent any further dealing in the land.
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